Bugs Buds named tenant in Big Lake project

The draft development agreement designates Bugs Buds, Inc. as the tenant and operator of the planned cannabis cultivation and manufacturing facility in Big Lake’s industrial park. Bugs Buds, Inc. must meet job creation and wage benchmarks and maintain operations for at least five years or share in repaying the public financial assistance provided for the project.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Must operate as cannabis cultivation and manufacturing facility on the property for at least 5 years after the Benefit Date; job and wage goals to be met within 2 years and maintained for at least 1 additional year

Renewal

Tenant’s obligations under the business subsidy provisions extend until job and wage goals are achieved and maintained for one year and the five‑year continuous operation period after the Benefit Date is satisfied, after which the development agreement is to be terminated by recorded release.

Document type

AgendaPacket

Source document

Big Lake Joint Powers Board Agenda Packet 2026-08-03

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Big Lake?

Bugs Buds Inc was awarded this government contract by City of Big Lake, as recorded on August 3, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Big Lake Joint Powers Board Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Big Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bugs Buds Inc hold?

Bugs Buds Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bugs Buds Inc's profile

What is City of Big Lake currently buying?

Explore City of Big Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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